Whirlpool Sourcing Executive Interview Questions and Answers

Global sourcing is the practice of procuring goods and services from different countries to take advantage of cost savings and other benefits.

• Global sourcing involves identifying and evaluating potential suppliers from different countries

• It helps in reducing costs, improving quality, and gaining access to new markets

• Examples of global sourcing include outsourcing manufacturing to China, IT services to India, and call c

Procurement is the process of acquiring goods or services from external sources.

• Identifying the need for goods or services

• Sourcing potential suppliers

• Negotiating contracts and prices

• Managing supplier relationships

• Ensuring timely delivery and quality of goods or services

• Controlling costs and optimizing value

• Examples: purchasing office supplies, hiring a contractor for construction work, outsourcing IT services